Short positions below 87.3052 with targets at 86.0257 & 83.8932 in extension.
Comments: Chikou inside the candles. One might wait for the chikou to break the candles. Tenkan kijun cross, kumo cloud twist
In this analysis I see XRP price moving to the downside after a break outside the descending triangle and also finding potential targets with the ichimoku wave theory.
1:1 ratio will take us to 0.21607 which will complete the N wave. Furthest level out would be the E level at the price of 0.17408 if price manages to go that far.
Looking into this trade for early next week or end of next week using ichimoku waves , time theory and %R .
The waves are forming a first wave of 13 bars , the corrective also 13-1 bars. I expect most likely a third wave with 13 bars as well but could also stopped earlier at 9 bars before correction.
I'll look at bearish cross with %R , a bearish candle with a...
If you are someone who has worked with Half values and theories of Ichimoku, you'll understand the constant study which goes into perfecting the art, especially if you don't speak the native language of Japanese (birthplace of Ichimoku)
This will seem odd to the western traditional traders approach to Ichimoku but wanted others to see how the practice is a deep...
During back testing and studying I come across these types of situations from time to time.
In Ichimoku NT price projections don't come up all the time but when they do it's nice to have seen them coming as they're short targets and once established (in my cases) I want to capture the profit I've made especially on the daily time frame. Like the example it's a...
Ichimoku Time Theory on the Weekly chart.
This is my analysis of AUDJPY using one pillar of Ichimoku. These are my personal charts I use for the lower TF trades.
I have been contemplating putting charts up again as I have a few who have msg me asking for guidance with Ichimoku and this may help those interested.
Always looking for those who also study Ichimoku...